GPW Benchmark (Administrator) presents the consolidated text of the amended Rules of the GPW Indices Family, adopted by the Management Board on May 19, 2023. The amended Rules include methodological changes that Administrator submitted to public consultation concluded by the Administrator on April 27 and other changes or clarifications of the content of the Rules, which are not changing the indexing method.

Amendments to the Rules include:

• changes in the rules regarding the extraordinary adjustment of the Index portfolios in the event of exclusion of the company from trading at the request of the KNF (the Polish FSA) or the BFG (the Bank Guarantee Fund), without providing for payment to the investor;
• changes in the qualification thresholds of companies in the rankings of mWIG40 and sWIG80 indices during revisions and periodic adjustments;
• changes in the rules of qualification of companies from the reserve list to the portfolios of the WIG20, mWIG40, sWIG80 and WIG30 Indices as part of an extraordinary adjustment;
• changes in the frequency of setting the monthly turnover ratio (MTR) thresholds for the WIG20, mWIG40, sWIG80 WIG30 indices, from annual to quarterly;
• verification of companies in parallel listing ("dual listed") in terms of the legitimacy of their presence in the portfolios of GPW Indices in the event of significant differences in the company's prices on the GPW compared to another market on which a given the company is also listed;
• clarification of the provisions regarding the rules of procedure with regard to the indices in case of a process of merger of companies listed on the GPW, which will provide that the acquired company is excluded from the Indices after the issuer submits the report on the registration of the merger of companies by the relevant court;
• clarification of the provisions regarding the so-called fast track of introducing a company into the Index, i.e. the introduction of a provision that the inclusion of a company as part of the fast track in the WIG20, mWIG40, sWIG80 and WIG30 indices takes place at the same moment for all Indices, i.e. after 9 sessions from the company’s debut (7 sessions after the debut + 2 sessions from the moment of publication of the extraordinary adjustment message), although the company's qualification process itself is carried out as of the end of the session on the debut day;
• 4. enumerative indication of the grounds for removing a company from the Indices under the extraordinary adjustment;
• clarification of the provisions regarding inclusion of debuting companies in NCIndex;
• discontinuation of the WIG.MS-PET index at the end of June 16, 2023.

The summary of the public consultations is available here.

The amended text of the Rules will apply from June 19, 2023, i.e. on the first trading day following the date of periodic adjustment of GPW Indices’ portfolios. However, as part of the periodic adjustment of the Indices on June 16, 2023, the Administrator will apply the new rules when determining the new portfolios composition. New levels of the Monthly Turnover Ratio (MTR) for the WIG20, mWIG40, sWIG80 and WIG30 indices applicable to the above-mentioned periodic adjustments are available here.